Averaging down is a slang term describing the process of buying additional coins at lower prices than the original purchase price. This brings the average price you've paid for all your coins down.
The current ETH rate is $207. You want to buy ETH for $200. But at the same time you suppose that the price can go lower, and then go up again.
1) Select the exchange and a pair ETH-USDT. Direction - Long. Trade size = 10,000 USD.
2) Select the type of purchase "below". Set the value to 200. Buy after bounce up = 0.
3) Enable "Averaging down". So we can see the first target now. Let's add another one. We set in percents what will be the price of second purchase. For example, minus 2% or $196. We set the purchasing size in the first target to 70%. The size for the second target is recalculated automatically and is equal to 30%.
So, if the ETH rate reaches $196, then we will buy ETH for $7,000 at a price of $200 for 1 ETH or 35 ETH, and for $3,000 at a price of $196 for 1 ETH or 15.3061224 ETH (excluding exchange commission).
You can add up to 7 goals in this way.